At the maturity of a bond investment, the journal entry has:
A) a debit to Cash and a credit to the Short-term Investments account.
B) a debit to the Short-term Investments account and a credit to Cash.
C) a debit to the Interest Revenue and a credit to Cash.
D) a debit to Cash and a credit to Interest Revenue.
Correct Answer:
Verified
Q45: When a company invests in a bond
Q46: Debra Technologies invested $50,000 to buy $50,000
Q47: When a firm receives interest revenue on
Q49: Which of the following is true of
Q51: _ are equity securities in which the
Q52: Debra Technologies invested $50,000 to buy $50,000
Q53: When a firm collects the face value
Q55: Held-to-maturity investments applies only to debt securities
Q59: Significant interest investments are reported as _
Q123: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents